Deloitte Calls on Ireland to Expand Multinationals’ Tax Credits

Deloitte has called on the Irish government to launch a number of new tax credits as part of a push to attract fresh foreign investment to the country.

Ireland should reform its research and development credit to strengthen intellectual property ownership in the country, while introducing standalone credits for digitalization, decarbonization, and investment, the Big Four firm said in a pre-budget submission Monday.

Deloitte also recommended a reduction in the headline capital gains tax rate from 33% to 20%, the introduction of a principle-based relief for interest expenses, and a modernization of the financial services tax regime.

Ireland ...